Examlex
What security and controls should a company use to protect its computer infrastructure? Why do managers need to be involved in the decisions about security and control measures?
Calendar Year
A period of 365 days (366 in a leap year) starting from January 1st to December 31st, used as a financial or operational year by some organizations.
Insurance Expense
The cost incurred by a company to insure its assets, operations, and potentially its employees, recognized as an expense.
Adjusting Entry
An accounting entry made to correct, update, or complete financial records at the end of an accounting period.
Net Income
The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.
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